Natural Gas Services Group (NYSE:NGS) Shares Pass Above 200 Day Moving Average – Time to Sell?

Natural Gas Services Group, Inc. (NYSE:NGS)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.42 and traded as high as $25.97. Natural Gas Services Group shares last traded at $25.86, with a volume of 27,908 shares.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th.

Natural Gas Services Group Stock Performance

The company has a market capitalization of $322.99 million, a P/E ratio of 20.20 and a beta of 1.14. The stock’s fifty day moving average price is $24.16 and its 200-day moving average price is $21.42. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.16 and a current ratio of 1.76.

Insider Buying and Selling

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 2,191 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $24.50, for a total transaction of $53,679.50. Following the completion of the transaction, the director now owns 538,387 shares of the company’s stock, valued at approximately $13,190,481.50. The trade was a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 40,892 shares of company stock valued at $1,076,633 over the last 90 days. 7.25% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Natural Gas Services Group

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in shares of Natural Gas Services Group by 76.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 34,548 shares of the oil and gas company’s stock worth $660,000 after acquiring an additional 14,974 shares in the last quarter. Barclays PLC increased its stake in shares of Natural Gas Services Group by 47.5% in the 3rd quarter. Barclays PLC now owns 17,301 shares of the oil and gas company’s stock valued at $331,000 after acquiring an additional 5,575 shares in the last quarter. State Street Corp lifted its position in shares of Natural Gas Services Group by 19.1% during the 3rd quarter. State Street Corp now owns 162,646 shares of the oil and gas company’s stock valued at $3,108,000 after acquiring an additional 26,069 shares during the period. PDT Partners LLC lifted its position in shares of Natural Gas Services Group by 64.3% during the 3rd quarter. PDT Partners LLC now owns 16,784 shares of the oil and gas company’s stock valued at $321,000 after acquiring an additional 6,567 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in Natural Gas Services Group by 129.1% during the third quarter. MetLife Investment Management LLC now owns 6,325 shares of the oil and gas company’s stock worth $121,000 after acquiring an additional 3,564 shares in the last quarter. Institutional investors and hedge funds own 65.62% of the company’s stock.

About Natural Gas Services Group

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.